MNI DATA IMPACT: Japan Dec Machine Orders Bounced Up; 2.9% M/M

     TOKYO (MNI) - Japan's core machinery orders, excluding those for power

generation equipment and ships, rose quickly in January, helped by the boost

from the non-manufacturing sector, data from the Cabinet Office released on

Monday showed. 

     -- Core orders increased 2.9% m/m in January, sharply up from the previous

11.9% m/m drop, marking the second rise so far in the year. 

     -- Orders from non-manufacturing sectors fell 1.7% m/m, still an

improvement from the 18.8% m/m drop reported last month. Orders from

manufacturing sectors accelerated 4.6% m/m from the previous 2.4% m/m growth. 

     -- The outlook for the January-March period has been revised up to a 2.0%

fall, compared with the 5.2% decrease seen in the previous quarter.

     --The three-month moving average of core orders rose 0.4% in January, the

first increase in two months, following December's -1.5% and November's 2.7%.

     --The Cabinet Office maintained its outlook assessment on the machinery

orders, saying the recovery was "marking time".

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

[TOPICS: MAJDS$,MAUDR$,MAUDS$,M$A$$$,M$J$$$,M$U$$$]